Matter

WM Mining Company, LLC v. Mongolia (ICSID Case No. ARB/21/8)

Case no.: ARB/21/8
Applicable rules: ICSID Rules of Procedure for Arbitration Proceedings (2006)

29 August 2024Arbitration
29 August 2024Arbitration
Award dated 29 August 2024
International Centre for Settlement of Investment Disputes
Decision summary
The Tribunal unanimously found that the Claimant's abuse of rights and abuse of process made its claims inadmissible. It ordered the Claimant to bear its own costs and to pay Mongolia USD 5,972,355.15, and dismissed all other requests for relief.
Supporting details
10 authorities · 5 participants
WM Mining Company, LLC
Mongolia
International Centre for Settlement of Investment Disputes
Arbitrator
Eduardo Zuleta Jaramillo
Arbitrator
Stephen L. Drymer
Arbitrator
Albert Jan van den Berg
Authorities cited
10
- Mongolian Law on Prohibition of Mineral Exploration and Mining Operations at Headwaters of Rivers, Protected Zones of Water Reservoirs and Forested Areas
  statute
- Wena Hotels v. Egypt (ICSID Case No. ARB/98/4)
  case-law
- Kardassopoulos v. Georgia (ICSID Case Nos. ARB/05/18 and ARB/07/15)
  case-law
- Orascom v. Algeria (ICSID Case No. ARB/12/35)
  case-law
- Renee Rose Levy de Levi and Gremcitel S.A. v. Republic of Peru (ICSID Case No. ARB/11/17)
  case-law
- Abaclat and others v. Argentine Republic (ICSID Case No. ARB/07/5)
  case-law
- Lao Holdings N.V. v. Lao People's Democratic Republic (ICSID Case No. ARB(AF)/12/6)
  case-law
- Burlington Resources, Inc. v. Republic of Ecuador (ICSID Case No. ARB/08/5)
  case-law
- Ampal-American v. Egypt (ICSID Case No. ARB/12/11)
  case-law
- Webuild S.p.A. v. Argentine Republic (ICSID Case No. ARB/15/39)
  case-law
Direct award

WM Mining Company, LLC

Mongolia

International Centre for Settlement of Investment Disputes